# USD/MXN climbs back above 18.80, moves away from monthly lows - Forex Crunch

> USD/MXN climbed back above 18.80 to a two-day high of 18.86 on January 30, erasing weekly peso gains amid coronavirus-driven risk aversion hitting emerging market currencies. The US economy grew 2.1% annualized in Q4 2019 while Mexico stagnated, and Banxico's key rate stands at 7.25%.

- Date: 2020-01-30 · published 2020-01-30T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/55299-usd-mxn-climbs-back-above-18-80-moves-away-from-monthly-lows-forex-crunch
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Risk-off moves that weaken the peso raise the local-currency cost of imported feed ingredients for Mexican buyers, though the move is a routine currency fluctuation.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/01/30/usd-mxn-climbs-back-above-18-80-moves-away-from-monthly-lows/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.